Elizabeth Murphree, Helping Baby Boomers Boom in Northern Virginia! (Elizabeth Murphree @ Ikon Realty of Ashburn 5)

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Rainmaker
1,433,927
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Elizabeth Murphree For insurance and liability reasons, the sellers cannot allow you to move in prior to the closing.

Oct 25, 2016 03:52 AM
Rainmaker
1,675,730
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

The seller sattorney is not going to let that happen. That's what hotels are for.

Oct 25, 2016 03:15 AM
Ambassador
5,072,497
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Point out the benefits of a vacation with maid service at the local hotel as opposed to the stress and mess of living in a home that is not theirs yet surrounded by unpacked boxes and clutter.

Oct 25, 2016 12:57 AM
Ambassador
1,338,120
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

Ask them if they see a "Relax, it's Holiday Inn" sign lit up over the door?  

Perhaps they left the light on?

Are they Feeling the Hyatt touch?

 

 

Oct 25, 2016 12:38 AM
Rainmaker
2,594,920
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Three days in a hotel or (?) will do just fine...Hold those ants in the pants

Oct 25, 2016 02:47 AM
Rainmaker
5,217,020
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I agree with Michael Jacobs .  We used to say the deal is not done until the deed is recorded, and the check clears the banks.  A

Oct 25, 2016 02:39 AM
Rainmaker
3,755,715
Richard Weeks
Dallas, TX
REALTOR®, Broker

What is the sellers situation?  Perhaps they would entertain a buyers temporary lease.

Oct 25, 2016 01:49 AM
Rainmaker
1,707,191
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Best discussed with your broker.

Oct 25, 2016 01:29 AM
Rainmaker
817,403
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

It's not up to them. It's the sellers decision, and it's best if sellers don't allow it. There are plenty of hotels, motels, air bnb, etc places where they can stay for a few days.

Oct 25, 2016 01:16 AM
Rainmaker
4,433,283
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

The seller will not allow .

Oct 25, 2016 01:07 AM
Rainer
352,776
Teri Pacitto
Compass - Westlake Village, CA
Real Estate, Your Style...Your Home...My Specialty

Simple..No!

Oct 25, 2016 12:53 AM
Rainmaker
3,857,735
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

There are no keys handed over until the transaction is closed.   In our competitive market, often the seller and buyer have negotiated a holdover that possession to the new owner doesn't even take place then.  

 

Oct 25, 2016 12:37 AM
Rainmaker
1,076,781
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I would like to borrow their car for a week. I promise not to damage it and will pay them when I get back. It's all about liability, liability, liability now!

Oct 25, 2016 12:36 AM
Rainmaker
1,623,207
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Ask them if they would want someone to move into their home before they got the money?   This has all kinds of trouble written all over it!

Oct 25, 2016 12:33 AM
Rainmaker
5,551,673
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

the only reason they need is "they don't own the house"....

Oct 25, 2016 12:25 AM
Ambassador
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

The answer is no

Oct 26, 2016 10:39 PM
Ambassador
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Margaret Rome Baltimore 410-530-2400
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

The seller's legal advisor says no. 

Oct 26, 2016 02:58 PM
Rainmaker
4,599,065
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

There is too much liability if the buyer moves in early, if the loan doesn't close.

Oct 26, 2016 06:34 AM
Rainmaker
1,344,943
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Cute dog in the picture!

If the house is occupied, the sellers may not be able to get out in time for that.

My favorite one that I've used is: "If for some reason the loan can't be done at the last second and you can't close escrow, do you really want the seller having access and control over all your stuff?"

Oct 26, 2016 03:06 AM
Rainmaker
1,157,329
FN LN
Toronto, ON

Presumably, the contract does not allow them access prior to closing.  Perhaps you can refer them to a hotel.

Oct 25, 2016 09:53 PM
Rainmaker
737,259
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Have no fear... You won't need a creative answer.  The attorneys will simply tell them "no".  Have some hotel suggestions & nearby restaurants ready for them & encourage them to enjoy this respite before moving day.  ;)

Oct 25, 2016 09:44 PM
Ambassador
3,543,101
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

They don't own the house. Three weeks ago, five days before closing, the buyer for my listing, lost his job and the financing was pulled.

Our landlord tenant laws would have protect the Buyer...

Oct 25, 2016 02:13 PM
Rainmaker
1,280,298
Donna Foerster
HomeSmart Realty Group - Parker, CO
Metro Denver Real Estate Assistant

Absolutely NO. They don't own the house yet and so many things can go wrong!

Oct 25, 2016 02:12 PM
Rainer
116,440
Althea Kippes, Esq.
A.T. Kippes, Real Estate Broker - San Francisco, CA
Serving San Francisco to Silicon Valley!

How about "Because you are not the legal owner of the house."

I had buyers in this situation.  Closing was delayed weeks because of the incompetence of the buyer's loan officer and the "professional" manager of the HOA.  My buyers, a couple with a toddler, had given notice on their apartment, and this being Silicon Valley, the landlord had already rented it to someone else, so they couldn't stay longer.

They wanted to move in before closing too.  Of course the answer was no.  Then they wanted to see if they could just move furniture into the gargage.  Of course that answer was no also.  

They could have just stayed in their appartment as a holdover tenant, and dealt with an unlawful detainer that would have been taken off calendar, but they chose not to go that route.

They ended up staying in a hotel for three weeks.

Bottom line:  You don't own the house so you can't move into the house.  And of course, given Murphy's Law, if they had, something probably would have gone really wrong, and would have been very expensive to fix.

Have you asked them to look into Air BnB?  Some clients did that and it was cheaper than a hotel.

Oct 25, 2016 11:19 AM
Ambassador
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Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

Does the seller want to allow this? Has the seller checked into what his insurance company might have to say? I recently had this come up, but didn't have to deal with my buyer on it, because the seller said...NO!

Oct 25, 2016 10:06 AM
Rainmaker
3,985,753
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

So said the sellers.

Aslo, the law suit they will face if they don't close for any rreason and we have seen this often

Oct 25, 2016 09:00 AM
Ambassador
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Anna Banana Kruchten CRS CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Not going to happen on my watch.  What does the contract say?  The liablilty is high if sellers allow buyers to move in before closing.

Oct 25, 2016 06:46 AM
Rainmaker
864,177
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

No keys until it is recorded. Perfect time for that short 3 day vacay.

Oct 25, 2016 05:09 AM
Rainer
15,201
Jim Sakalis
The Real Estate Expert Online - Flint, MI
Buy and sell property in all 50 states

Elizabeth,

Can you say, Double MOVING COST?  You and I know things go wrong. You have to educate the buyer that if it does not close their butts will have to move out.  It can get really ugly as well as legal cost.  

I would put it to them this way, this is you speaking, " Mr/Mrs Buyers, I would feel terrible if for any reason you were not able to close of no fault of your own so moving in is NOT an option."

Jim Sakalis

Oct 25, 2016 02:16 AM
Rainer
39,767
Elizabeth Murphree
Elizabeth Murphree @ Ikon Realty of Ashburn 5 - Fairfax, VA
Helping Baby Boomers Boom in Northern Virginia!

Love it. The closing got moved so they are down here local and have no where to go. Yes, it is their fault but cold weather makes it rough. The financial picture needs to remain stable til Monday.Thank you.

Oct 25, 2016 12:27 AM